India is to set up three centers of excellence for Artificial Intelligence in top educational institutions. The Government also plans to partner with leading industry players to conduct interdisciplinary research and develop cutting-edge applications and scalable problem solutions in the areas of agriculture, health, and sustainable cities. Artificial intelligence leverages computers and machines to mimic the problem-solving and decision-making capabilities of the human mind. The artificial intelligence of things (AIoT) is the combination of artificial intelligence (AI) technologies and the internet of things (IoT) infrastructure.
It’s Now Time To Look Out For The Best AI Stocks In India
The union budget also included the mention of Pradhan Mantri Kaushal Vikas Yojana 4.0. The Government aims to skill lakhs of youth within the next three years. The finance minister also mentioned new-age courses like coding, AI, robotics, mechatronics, IOT, 3D printing, and drones which will find a place under this mass skilling yojana. Robotics and industrial automation use computers, control systems, and information technology to handle industrial processes and machinery, replacing manual labor and improving efficiency, speed, quality, and performance.
With a focus on realizing new opportunities, business models, and employment potential from the 5G technology, the Government has declared the construction of 100 5G labs. The labs will focus on developing applications for use in areas such as smart classrooms, precision farming, intelligent transport systems, and healthcare. 5G is a new global wireless standard after 1G, 2G, 3G, and 4G networks. 5G enables a new kind of network designed to connect virtually everyone, including machines, objects, and devices. This is an exciting time to invest in AI and IOT-based companies in India. Do your due dilligence.
Stocks to watch out for
Tata Consultancy Services Ltd: TCS is a leading global IT service, consulting, and business solutions organization outsourcing services to global enterprises. Its services include TCS Interactive, Analytics and Insights, Internet of Things, Blockchain, Cloud Infrastructure, Enterprise Applications, Automation & AI, among others. The company has domain expertise in a broad set of industries, comprising Banking, Financial Services and Insurance, Retail and CPG, Communication & Media, Manufacturing, Life Sciences & Healthcare, Energy & Utilities, Travel & Hospitality, and Technology & Services.
LTIMindtree Ltd: LTIMindtree is a global technology consulting and digital solutions company. It provides services such as application development & maintenance and testing, enterprise solutions, cloud infrastructure & security, analytics, AI & Cognitive, and Enterprise Integration & mobility.
Tata Elxsi Ltd: Tata Elxsi is engaged in product design and engineering services in segments like consumer electronics, communications & transportation industries. The company also provides systems integration and support services for enterprise customers and digital content creation for the media and entertainment industry.
Happiest Minds Technologies Ltd: Happiest minds operate and provide services in areas like digital business, product engineering, infrastructure management, and security services.
Bosch Ltd: Bosch has a presence across automotive technology, consumer goods, industrial technology, and energy and building technology.
ABB India Ltd: The company undertakes engineering and construction projects and manufactures heavy engineering and industrial equipment. It has four customer-focused, globally leading businesses in Electrification, Industrial Automation, Motion, Robotics & Discrete Automation, supported by the ABB Ability digital platform.
Schneider Electric Infrastructure Ltd: The Company is engaged in the business of manufacturing, designing, building, and servicing technologically advanced products and systems for electricity distribution including products such as distribution transformers, medium voltage switchgear, medium and low voltage protection relays, and electricity distribution and automation equipment.
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– Debraj Guha Thakurta & Nischay Avichal